Shares of Spherix Inc. (SPEX), the patent licensing company run by CEO Anthony Hayes, soared as much as 40% on Thursday Aug. 17 after a paid stock promotion sent out by Small Cap Street LLC, which highlighted the value of its 400 patents and the potential of its investment in Hoth Therapeutics. “A good portion [...]
Finjan Holdings Inc. (FNJN), the cybersecurity technology and licensing company run by CEO Phil Hartstein, said its subsidiary Finjan Inc. has filed a patent infringement lawsuit against Bitdefender, Inc., a Florida company, and its parent Bitdefender S.R.L., a Romanian corporation. East Palo Alto, California based Finjan said the complaint filed in U.S. District Court in [...]
Network-1 Technologies Inc. (NTIP), the patent licensing company run by CEO Corey Horowitz, said it agreed to settle its patent litigation against Axis Communications Inc. and affiliated entities, though it didn't disclose the terms. New York-based Network-1 filed the action against Axis Communications and affiliates in the U.S. District Court in Tyler, Texas, for infringement [...]
Allen Lo, the deputy general counsel, patents and patent litigation at Alphabet Inc.'s Google Inc., has joined Facebook Inc. (FB) as vice president, deputy general counsel, and head of intellectual property. Lo couldn't be reached for comment. Officials from Palo Alto, California-based Facebook said he will lead the company's intellectual property team. Lo has been [...]
Crossroads Systems Inc. (CRDS), the patent licensing company run by CEO Richard Coleman Jr., on Monday, August 14 said it filed for bankruptcy and a prepackaged Chapter 11 plan of reorganization. The Austin, Texas-based company, which has struggled ever since its key patents were invalidated by the Patent Trial and Appeal Board, said its reorganization [...]
Network-1 Technologies (NTIP), the patent licensing company run by CEO Corey Horowitz, said its second quarter net income plunged to $1.54 million, or 6 cents a share, as revenue compared unfavorably to the year ago quarter, which included a $17.5 million one-time payment and the settlement of a professional liability insurance claim. The New York-based [...]
Marathon Patent Group Inc. (MARA), the patent licensing company that transferred three patent portfolios to a special purpose vehicle owned by a unit of Fortress Investment Group to pay back $16 million in debt, said it has entered into an agreement with investors to raise between $3.5 million and $5.5 million, of convertible debt financing [...]
ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, posted a narrower second quarter net loss of $3.7 million, or 21 cents a share, as higher spending on research and development for its new Milo consumer WI-FI product was offset by lower expenses. Jacksonville, Florida-based ParkerVision's loss compared with a loss of [...]
Marathon Patent Group Inc., the patent licensing company that last week started turning over assets to satisfy $15.99 million in debt owed to a unit of Fortress Investment Group, as expected swung to a net loss of $2.2 million, or 10 cents a share, as revenue from licensing settlements failed to materialize. The Los Angeles-based [...]
Marathon Patent Group Inc. (MARA), the patent licensing company that last week started turning over some of its patent assets to satisfy $15.99 million in debt owed to a unit of Fortress Investment Group, attempted to offer investors some reason for optimism in the future with the announcement of two new directors with asset management [...]
